Awardit

On 1 February 2023 Awardit AB acquired 100 percent of the Austrian loyalty and giftcard company Connex Marketing GmbH ("Connex"). In the press release that went out in connection with the announcement of the acquisition, it was communicated that the estimated turnover and EBIT result for 2022 for Connex was approximately MEUR 15.6 and at least MEUR 1.4. Now the figures for 2022 have been revised and the turnover for 2022 amounted to MEUR 17.8 (MSEK 189.2) and the EBIT result amounted to MEUR 1.7 (MSEK 18.2), which is better than what was previously communicated. Awardit´s turnover and EBITA result, including Connex for 2022 will thus be MSEK 1,051.5 and MSEK 129.7.

*) Other external expenses do not include the reclassification of identified leasing contracts (approx. MSEK 4.8 for 2022 in reduced costs).
**) Tangible assets do not include depreciation of identified lease contracts (approx. MSEK 4.6 for 2022 in increased depreciations).
***) Intangible assets do not include depreciation of identified overvalues (approx. MSEK 4.4 for 2022 in increased depreciations).

Connex also provides the Awardit Group cash and cash-like items of MSEK 107.8 and financial assets of MSEK 29.8 at the time of acquisition.
  
”We are very pleased with the acquisition of Connex, which complements our existing business perfectly. The fact that they also manage to exceed estimated turnover and EBIT result for 2022 shows that this is a successful acquisition and an important piece of the puzzle to be able to continue consolidating the DACH region going forward. With Connex as part of the Awardit family, we have now surpassed our short-term goal of becoming a billion-SEK company in terms of turnover.”, says Erik Grohman, CEO and President of Awardit AB.